MOIL is it a trap ?
Although a promising long term buy.
RSI approaching oversold conditions.
Moil currently getting into a stochastic correction.(Look for the local peaks and troughs)
the price action would always follow Stoch.
Oscillators suggesting strong signs of next motive wave formation. However, the last motive wave pulled back below the last corrective wave,
Possible reasons could be a high dividend yield of~5%, implying a possible truncation at the top. Not suited for long term(>1y++).
I will update on the objective targets on request.
RSI approaching oversold conditions.
Moil currently getting into a stochastic correction.(Look for the local peaks and troughs)
the price action would always follow Stoch.
Oscillators suggesting strong signs of next motive wave formation. However, the last motive wave pulled back below the last corrective wave,
Possible reasons could be a high dividend yield of~5%, implying a possible truncation at the top. Not suited for long term(>1y++).
I will update on the objective targets on request.
Feragatname
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